Regular Savings Accounts: The Best Currently Available List!

ChewyyBacca

t1redmonkey said:

soulsaver said:

So after a call to Market Harb BS, they have agreed to make the max pay in 15 payments! So a max £3750
and will be amending the terms to reflect that shortly...

And another morsel of interest - they update deposits every 2 hours during office hours ... so you should be able to see weekday deposits online same day made before 15.00 hours.  

Seems even payments after 3pm can appear same day, since I didn't send funds until around 3:30pm but can already see it in the regular saver

I transferred at 16:08, funds havent arrived yet in my MHBS saver. Im still hoping

Hattie627

Bridlington1 said:

Just a reminder the Leeds BS interest rate reductions come into effect tomorrow. Of note:

REGULAR SAVER (ISSUE 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53 & 54) from 5.25% to 5.1% (brings it in line with the currently available issue 55)

Home Deposit Saver- NO CHANGE for balances below £30k (remains at 5.15%), though the rate on balances of £30k+ reduces from 2.45% to 2.3%.

Also the Leeds BS Limited Issue Online Access Account (Issues 53, 54 & 55) go down from 5.10% to 4.85% tomorrow. (Not RS accounts but I have been using mine as main feeder account recently).

Hattie627

Market Harborough BS

The name of the account is "Fixed Tern Regular Saver (30.11.2025)" (this is what I applied for) but it is showing as One Year Regular Saver on my online list. No reference to the interest rate in the account details either.  Is this okay?

I can't fund until tomorrow as CoP not recognising the details. 

 

t1redmonkey

Hattie627 said:

Market Harborough BS

The name of the account is "Fixed Tern Regular Saver (30.11.2025)" (this is what I applied for) but it is showing as One Year Regular Saver on my online list. No reference to the interest rate in the account details either.  Is this okay?

I can't fund until tomorrow as CoP not recognising the details. 

 

Same here.  Though if you go to 'View Account Details' (not 'Interest and Tax Information') it shows the interest rate as 6% on that screen.  At least it does for me.

francoghezzi

Bigwheels1111 said:

Just been told by Clare from MHBS, that they are changing the terms because a few of us have asked if 15 payments of £250 are correct as end end of November.

£3,750 of deposits are fine.

That means I am allowed to deposit today and once again on Tuesday that will be 1st of October, am I right?

s71hj

Digital_Payback said:

Same happened me. 

Turn your phone sideways to landscape mode. 

It then works. Apply button on right hand side. 

Still didn't work for me but did it OK on my laptop. The maddest set of security questions I've ever seen.  I have no hero, no favourite car and favourite film is too many characters and has a space, as 2 words. Just had to make random stuff up and write it down!

Hattie627

t1redmonkey said:

Hattie627 said:

Market Harborough BS

The name of the account is "Fixed Tern Regular Saver (30.11.2025)" (this is what I applied for) but it is showing as One Year Regular Saver on my online list. No reference to the interest rate in the account details either.  Is this okay?

I can't fund until tomorrow as CoP not recognising the details. 

 

Same here.  Though if you go to 'View Account Details' (not 'Interest and Tax Information') it shows the interest rate as 6% on that screen.  At least it does for me.

Thanks. No interest rate showing for me yet, probably because I haven't yet deposited, But at least I don;t need to worry that Ive opened the wrong account.
Plenty of quirks with MHBS to keep us on our toes.

PS the account terms seem to indicate that interest is added to the account monthly. But presumably cannot be withdrawn until end of the term. Does that mean all interest will be taxable in 2025/26? 

Bigwheels1111

francoghezzi said:

Bigwheels1111 said:

Just been told by Clare from MHBS, that they are changing the terms because a few of us have asked if 15 payments of £250 are correct as end end of November.

£3,750 of deposits are fine.

That means I am allowed to deposit today and once again on Tuesday that will be 1st of October, am I right?

Yes, thats what I understand.

I've set up my SO until 01/11/25.

Kim_13

WillPS said:

CuparLad said:

WillPS said:

What they're saying is if you have both accounts you can't deposit more than £3k/month in total between the two, so if you max out this one you can only contribute up to £2750/month in to the other (although why you'd bother when the interest rate is so low with a notice period for withdrawals defeats me).

Not quite. The maximum combined monthly deposit is £250 with a maximum combined balance of £3000 (soon to be £3750)

In that case, what's the point of a monthly saver account with a monthly deposit limit equal to the overall balance limit?

I'm putting MHBS on my 'wierd' list. That'll teach 'em.

Slightly odd for sure, but better than (if I recall correctly) Beehive, Tipton and Coseley and West Brom, where you are only allowed one regular saver at a time and cannot close early. MHBS would allow you if rates rose to open the new issue with the higher rate, and you could presumably miss two deposits on the lower one to get it downgraded and then have the full £3,750 to pay into the new one over the term. If not, then at least you can benefit from whatever deposit limit is left at the higher rate until the maturity of the lower one, rather than being excluded from opening a better product.

Dizzycap

WillPS said:

Market Harborough 6% (fixed), with credit to @35har1old above

https://mhbs.co.uk/my-membership/exclusive-products/fixed-term-regular-saver-1yr01/

• Save between £10 – £250 a month
• Annual interest paid on maturity
• You must make regular monthly deposits 
• Even with a penalty early withdrawals are not allowed (closure is not permitted either)
• Initial deposit must be received with 10 days of opening the account

Matures end of November 2025.

Super find! Thanks for sharing. Opened and funded within 10 minutes and with complete online access within minutes to view the account, so even better!